WH Smith’s like-for-like sales grew 2% in the six months to the end of February, working against a 2% decline over the same period last year. The best Christmas in over a decade helped with this, as the high street retailer started to turn around years of sales drops. Higher revenues...
Halfords continued its positive growth this quarter, with motoring and bike sales rising out of last year’s rough patch. In the 11 weeks to April 1st the chain enjoyed 3.1% growth in like-for-like retail sales, whilst group like-for-likes rose 2.6%. Following a weak winter period, cycling sales increased 1.9% compared to the...
US group McCormick has said that it will not be going ahead with a takeover bid for Premier Foods, the group behind Mr Kipling, Ambrosia and Oxo. In a statement, McCormick said it had "completed its due diligence review of Premier Foods" which was conducted "in an open and collaborative spirit". But...
Mexican dining brand Tortilla has launched its first restaurant in Scotland at the Hammerson operated Silverburn shopping centre in Glasgow. The 58-cover restaurant will be the 28th location for the group since its launch in 2007 and will join brands such as Nando’s, Five Guys, Zizzi and Carluccios in the new...
Style icon Alexa Chung’s Archive collection for M&S launches in stores and online today, featuring pieces from the retailer’s back catalogue of designs. Featuring summer dresses, trousers, skirts vest tops, knitwear and sandals, the 31-piece collection updates some M&S classic designs with an “Alexa twist”. Ms Chung said: “I’ve always had...
Tesco has reported “a year of significant progress” in which it saw a return to profit as well as its first quarterly sales growth for three years. In the best results since before its accounting scandal, the supermarket reported a £162 million statutory pre-tax profit for the year to February 27th,...
Retail sales in the UK suffered last month, largely due to the timing of Easter, according to the latest BRC-KPMG figures, although the BRC still described the results as “disappointing”. Sales for March decreased by 0.7% on a like-for-like basis from March 2015, when they had increased 3.2% from the prior...
Sports Direct has bought the freehold for 161 – 167 Oxford Street from Aviva Investors for £108 million. The space will be used for a new flagship store for the Flannels brand. Flannels is the UK's largest independent luxury retail group, specialising in contemporary mens and womenswear designer fashion, footwear and...
E-tailer ASOS has reported that in the first half of its financial year, its revenue rose 21% to £667.3 million. Figures show that retail sales increased 21% to £648.6 million in the six months to 29th February, with UK sales rising 25% and international sales rising 18%, whilst pre-tax was up...
Tesco has revealed today that it is to sell its stake of 8.6% in online retailer Lazada to Alibaba Group for £90.6 million, just days after the supermarket announced plans to sell Dobbies Garden Centres and its Giraffe restaurants. In an attempt to turn its balance sheet around which was hit...
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